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Archive: February, 2023

Posts in February, 2023

Verification of Status of GSTIN of contractor & authenticity of GSTR-3B return

February 24, 2023 2637 Views 0 comment Print

GOVERNMENT OF JAMMU AND KASHMIR FINANCE DEPARTMENT (CODES DIVISION), Civil Secretariat, Jammu/Srinagar ***** Circular Subject: Verification of Status of GSTIN of the contractor and authenticity of GST-3B return through the Peridot App (available in the Playstore) or from the State Taxes Department. It has come to the notice of Finance Department that dealers/contractors whose GSTIN […]

Automatic drop proceedings of Suo moto cancellation of GST Registration

February 24, 2023 17697 Views 0 comment Print

GSTN has implemented a new functionality of automation of drop proceeding of suo motu cancellation of registration where the registration was suspended by GSTN for non-filing of returns through REG-17.

RBI Draft Guidelines on Minimum Capital Requirements for Market Risk

February 24, 2023 3399 Views 0 comment Print

Boundary between the banking book and the trading book – This chapter sets out the instruments to be included in the trading book (which are subject to market risk capital requirements) and those to be included in the banking book (which are subject to credit risk capital requirements).

Beginner’s Guide to Getting a Credit Card for the First Time

February 24, 2023 1656 Views 0 comment Print

The decision to get a credit card for the very first time requires a great deal of research and thought. There are plenty of parameters for you to consider while you apply for a credit card such as why a credit card would be beneficial for you, what are the documents you’d need to submit, what must you consider and so on.

GSTN Advisory on Geocoding of Address of Principal Place of Business

February 24, 2023 20703 Views 0 comment Print

GSTN is pleased to inform taxpayers that functionality for geocoding principal place of business address (i.e. process of converting an address or description of a location into geographic coordinates) is now available on GST Portal.

GST: HC directs revenue to provide opportunity of hearing to ensure natural justice

February 24, 2023 2949 Views 0 comment Print

HC held that, providing opportunity of hearing would ensure observance of rules of natural justice and allow Respondent to pass appropriate and reasoned orders in order to serve interest of justice and allow a better appreciation to arise at appeal stage.

Notice issued without sufficient reasons to initiate reassessment is not sustainable

February 24, 2023 3030 Views 0 comment Print

HC quashed section 148 notice issued without sufficient reasons to initiate reassessment proceedings without satisfying conditions precedent under Section 147

Aadhaar (Authentication and Offline Verification) (Second Amendment) Regulations, 2023 (No. 01 of 2023)

February 24, 2023 2214 Views 0 comment Print

Agencies seeking to become requesting entities to use the authentication facility provided by the Authority shall apply for appointment as requesting entities in accordance with the procedure as may be specified by the Authority for this purpose from time to time provided that the purpose, for which authentication services are required, is permitted under the provisions of Sections 4(4) (b) (i) or 4(4) (b) (ii) or 4(7) or 7 of the Act

Aadhaar (Pricing of Aadhaar Authentication Services) (First Amendment) Regulations, 2023 (No. 2 of 2023)

February 24, 2023 1788 Views 0 comment Print

These regulations may be called the Aadhaar (Pricing of Aadhaar Authentication Services) (First Amendment) Regulations, 2023 (No. 2 of 2023).

GST Law in India 

February 23, 2023 20988 Views 2 comments Print

GST Law Essentials: Streamlining Indirect Taxation for Business Growth – Understand the unified tax structure under GST for efficient compliance.

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